Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Habibullah Monju was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 06
Green Delta Insurance PLC. to Report Q1, 2026 Results on May 12, 2026 Green Delta Insurance PLC. announced that they will report Q1, 2026 results on May 12, 2026 Announcement • Feb 17
Green Delta Insurance PLC. Recommends Cash Dividend for the Year Ended December 31, 2025 The Board of Directors of Green Delta Insurance PLC. has recommended 27% Cash Dividend for the year ended December 31, 2025. Date of AGM: March 31, 2026. Announcement • Feb 16
Green Delta Insurance PLC., Annual General Meeting, Mar 31, 2026 Green Delta Insurance PLC., Annual General Meeting, Mar 31, 2026, at 11:00 Central Asia Standard Time. Announcement • Feb 05
Green Delta Insurance PLC. to Report Fiscal Year 2025 Results on Feb 15, 2026 Green Delta Insurance PLC. announced that they will report fiscal year 2025 results on Feb 15, 2026 Announcement • Oct 23
Green Delta Insurance PLC. to Report Q3, 2025 Results on Oct 29, 2025 Green Delta Insurance PLC. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 24
Green Delta Insurance PLC. to Report Q2, 2025 Results on Jul 30, 2025 Green Delta Insurance PLC. announced that they will report Q2, 2025 results on Jul 30, 2025 Announcement • May 05
Green Delta Insurance PLC. to Report Q1, 2025 Results on May 12, 2025 Green Delta Insurance PLC. announced that they will report Q1, 2025 results on May 12, 2025 Announcement • Feb 04
Green Delta Insurance PLC. to Report Fiscal Year 2024 Results on Feb 11, 2025 Green Delta Insurance PLC. announced that they will report fiscal year 2024 results on Feb 11, 2025 Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: ৳0.86 (vs ৳1.27 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.86 (down from ৳1.27 in 3Q 2023). Revenue: ৳563.4m (down 21% from 3Q 2023). Net income: ৳86.5m (down 32% from 3Q 2023). Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year. Announcement • Oct 24
Green Delta Insurance PLC. to Report Q3, 2024 Results on Oct 30, 2024 Green Delta Insurance PLC. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ৳2.05 (vs ৳2.14 in 2Q 2023) Second quarter 2024 results: EPS: ৳2.05 (down from ৳2.14 in 2Q 2023). Revenue: ৳853.4m (down 2.7% from 2Q 2023). Net income: ৳204.9m (down 4.4% from 2Q 2023). Profit margin: 24% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 20% per year. Announcement • Jul 25
Green Delta Insurance PLC. to Report Q2, 2024 Results on Jul 30, 2024 Green Delta Insurance PLC. announced that they will report Q2, 2024 results on Jul 30, 2024 Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ৳0.80 (vs ৳0.74 in 1Q 2023) First quarter 2024 results: EPS: ৳0.80 (up from ৳0.74 in 1Q 2023). Revenue: ৳668.3m (up 11% from 1Q 2023). Net income: ৳80.0m (up 8.0% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 08
Green Delta Insurance Company Limited to Report Q1, 2024 Results on May 12, 2024 Green Delta Insurance Company Limited announced that they will report Q1, 2024 results on May 12, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released Full year 2023 results: Revenue: ৳1.57b (down 45% from FY 2022). Net income: ৳945.8m (up 44% from FY 2022). Profit margin: 60% (up from 23% in FY 2022). The increase in margin was driven by lower expenses. Upcoming Dividend • Feb 29
Upcoming dividend of ৳2.50 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Bangladeshi dividend payers (3.5%). Higher than average of industry peers (2.6%). Announcement • Feb 14
Green Delta Insurance Company Limited, Annual General Meeting, Mar 31, 2024 Green Delta Insurance Company Limited, Annual General Meeting, Mar 31, 2024, at 11:00 Bangladesh Standard Time. Location: RAOWA Convention Hall (Eagle Hall-3), VIP Road, Mohakhali, Dhaka Bangladesh Announcement • Feb 06
Green Delta Insurance Company Limited to Report Fiscal Year 2023 Results on Feb 11, 2024 Green Delta Insurance Company Limited announced that they will report fiscal year 2023 results on Feb 11, 2024 Announcement • Oct 24
Green Delta Insurance Company Limited to Report Q3, 2023 Results on Oct 29, 2023 Green Delta Insurance Company Limited announced that they will report Q3, 2023 results on Oct 29, 2023 Announcement • Aug 25
Green Delta Insurance Company Limited Announces Board Appointments Green Delta Insurance Company Limited has elected Mr. Abul Hasan Chowdhury as Chairman and Ms. Dilruba Chowdhury as Vice Chairperson of the company. New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (208% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (৳7.16b market cap, or US$65.6m). New Risk • Aug 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (289% cash payout ratio). Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (৳7.79b market cap, or US$71.5m). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ৳2.88 (vs ৳2.06 in 2Q 2022) Second quarter 2023 results: EPS: ৳2.88 (up from ৳2.06 in 2Q 2022). Revenue: ৳877.2m (up 17% from 2Q 2022). Net income: ৳214.3m (up 3.8% from 2Q 2022). Profit margin: 24% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Announcement • Jul 26
Green Delta Insurance Company Limited to Report Q2, 2023 Results on Jul 31, 2023 Green Delta Insurance Company Limited announced that they will report Q2, 2023 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳76.60, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 21x in the Insurance industry in Bangladesh. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳76.10, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 19x in the Insurance industry in Bangladesh. Total returns to shareholders of 94% over the past three years. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: ৳0.74 (vs ৳1.78 in 1Q 2022) First quarter 2023 results: EPS: ৳0.74 (down from ৳1.78 in 1Q 2022). Revenue: ৳602.8m (flat on 1Q 2022). Net income: ৳74.1m (down 59% from 1Q 2022). Profit margin: 12% (down from 30% in 1Q 2022). Reported Earnings • Mar 29
Full year 2022 earnings released Full year 2022 results: Revenue: ৳1.61b (down 41% from FY 2021). Net income: ৳1.10b (up 43% from FY 2021). Profit margin: 68% (up from 28% in FY 2021). The increase in margin was driven by lower expenses. Upcoming Dividend • Mar 16
Upcoming dividend of ৳2.50 per share at 3.8% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Bangladeshi dividend payers (3.8%). Higher than average of industry peers (2.7%). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Chairman Abdul Choudhury was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: ৳2.06 (vs ৳2.23 in 2Q 2021) Second quarter 2022 results: EPS: ৳2.06 (down from ৳2.23 in 2Q 2021). Revenue: ৳748.2m (up 18% from 2Q 2021). Net income: ৳206.4m (down 7.5% from 2Q 2021). Profit margin: 28% (down from 35% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to ৳83.50, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 21x in the Insurance industry in Bangladesh. Total returns to shareholders of 72% over the past three years. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: ৳1.78 (vs ৳1.76 in 1Q 2021) First quarter 2022 results: EPS: ৳1.78 (up from ৳1.76 in 1Q 2021). Revenue: ৳600.1m (down 11% from 1Q 2021). Net income: ৳178.6m (up 8.6% from 1Q 2021). Profit margin: 30% (up from 24% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Chairman Abdul Choudhury was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 02
Upcoming dividend of ৳3.00 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Bangladeshi dividend payers (3.2%). Higher than average of industry peers (2.0%). Announcement • Feb 16
Green Delta Insurance Company Limited Recommends Cash Dividend for the Year Ended December 31, 2021 The Board of Directors of Green Delta Insurance Company Limited has recommended 30% Cash for the year ended on December 31, 2021, at the AGM to be held on March 30, 2022. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 15% share price gain to ৳111, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 26x in the Insurance industry in Bangladesh. Total returns to shareholders of 152% over the past three years. Reported Earnings • Dec 11
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ৳1.76 (up from ৳0.096 in 3Q 2020). Revenue: ৳583.6m (flat on 3Q 2020). Net income: ৳176.8m (up ৳167.1m from 3Q 2020). Profit margin: 30% (up from 1.7% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS ৳1.76 (vs ৳1.84 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ৳583.6m (down 23% from 3Q 2020). Net income: ৳176.8m (down 4.3% from 3Q 2020). Profit margin: 30% (up from 25% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS ৳2.23 (vs ৳0.60 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳633.2m (up 24% from 2Q 2020). Net income: ৳223.2m (up 289% from 2Q 2020). Profit margin: 35% (up from 11% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 20% share price gain to ৳123, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 33x in the Insurance industry in Bangladesh. Total returns to shareholders of 188% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 25% share price gain to ৳81.40, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 30x in the Insurance industry in Bangladesh. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ৳1.76 (vs ৳0.87 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳675.6m (up 26% from 1Q 2020). Net income: ৳164.4m (up 89% from 1Q 2020). Profit margin: 24% (up from 16% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 30
New 90-day high: ৳71.60 The company is up 38% from its price of ৳51.90 on 01 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 28% over the same period. Reported Earnings • Nov 29
Third quarter 2020 earnings released: EPS ৳1.98 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ৳753.0m (up 8.3% from 3Q 2019). Net income: ৳184.6m (up 157% from 3Q 2019). Profit margin: 25% (up from 10% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 24% share price gain to ৳65.10, the stock is trading at a trailing P/E ratio of 25.1x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 26x in the Insurance industry in Bangladesh. Total returns to shareholders over the past three years are 29%. Is New 90 Day High Low • Oct 28
New 90-day high: ৳65.10 The company is up 21% from its price of ৳53.80 on 30 July 2020. The Bangladeshi market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 31% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: ৳58.70 The company is up 24% from its price of ৳47.30 on 25 June 2020. The Bangladeshi market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 48% over the same period. Announcement • Sep 07
Green Delta Insurance Company Limited to Report Q2, 2020 Results on Jul 30, 2020 Green Delta Insurance Company Limited announced that they will report Q2, 2020 results at 4:00 PM, Bangladesh Standard Time on Jul 30, 2020 
